Amarc Res Stock Price, News & Analysis

Amarc Resources (AXREF) announced significant drilling results from its 2024 exploration program at the IKE Copper-Gold District in BC. The program focused on the Empress Deposit, where drilling intercepted notable mineralization including 60m at 0.90% CuEQ and 181m at 0.46% CuEQ. The company's comprehensive program included both new drilling (9 core holes totaling 1,873m) and resampling of historical core (1,541 samples from 23 holes). Key findings revealed stacked high-grade Cu-Au mineralization bodies and well-mineralized porphyry-style Cu-Au-Mo zones. The Empress Deposit, part of the 500 km² IKE District, shows potential for expansion with mineralization remaining open in multiple directions. The style of mineralization at Empress is described as unique within the western Cordillera, with initial data suggesting the center of the mineralized system has not yet been defined.

Amarc Resources (AXREF) has announced significant drill results from its JOY Cu-Au District in British Columbia, highlighting multiple copper-gold discoveries. The AuRORA Deposit showed impressive results including 132.00m of 1.71% CuEQ with 1.87 g/t Au, 0.63% Cu and 5.2 g/t Ag, and 204.00m of 0.72% CuEQ with 0.74 g/t Au.

The company completed 20 initial drill holes at AuRORA, with all holes now reported. The grade range encountered exceeds that of the historical Kemess South deposit. Additionally, Amarc made a new discovery at the Twins Target, marking their third porphyry Cu-Au discovery in four years at JOY.

The drilling program, fully funded by Freeport-McMoRan, also expanded the PINE Deposit and Canyon Discovery, demonstrating the district's significant exploration potential. The AuRORA deposit remains open for expansion, with mineralization showing substantial vertical and lateral continuity.

Amarc Resources (TSXV:AHR)(OTCQB:AXREF) announces its participation at the 2025 PDAC Conference from March 2-5 in Toronto, where it will showcase its AuRORA high-grade Cu-Au-Ag discovery made in collaboration with Freeport-McMoran. The discovery, located within the company's 100% owned 495 km² JOY District, was initially announced in January 2025.

The company will be present at Booth #2850 in the Investors Exchange. Dr. Jim Lang will deliver a technical presentation about geological considerations for porphyry Cu-Au exploration in the JOY District on March 2. Visitors can meet with CEO Dr. Diane Nicolson, Hall of Fame Inductee Mark Rebagliati, and Dr. Jim Lang to discuss Amarc's JOY, DUKE, and IKE Districts and examine drill core from the AuRORA discovery.

The company plans to conduct 29,000 meters of drilling in 2024 across its three districts in British Columbia.

Amarc Resources (AXREF) has signed a mineral property option agreement with Canasil Resources to acquire 100% interest in 22 mineral claims adjacent to its JOY tenure and east of its AuRORA copper-gold-silver discovery. The 5-year option requires annual payments of $400,000, with purchase prices ranging from $8 million in year one to $12 million in year five.

The claims are subject to a 2% net smelter returns royalty, with an option to acquire half for $5 million before commercial mining operations or $10 million after. The property falls within the Amarc-Freeport-McMoran agreement area and will be offered as part of the JOY District.

The 44.5 km² Brenda Property is surrounded by Amarc's JOY mineral tenures and shares the same geological setting as AuRORA. Historical exploration revealed promising results, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu from 110m in hole BR-07-05.

Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced that President and CEO Dr. Diane Nicolson will present at the Kinvestor Mining & Energy Conference 2025 on February 12, 2025, at 12 pm PT. The presentation follows the company's January 2025 announcement of discovering the new high-grade AuRORA gold-rich porphyry copper-gold-silver deposit in the JOY Copper-Gold District in north-central British Columbia.

In 2024, Amarc completed extensive programs across its BC projects, investing $23 million in 29,000m of drilling and various surveys. Key activities included:

• 16,883m of core drilling across 40 holes at JOY District
• 4,828m in nine holes at DUKE District
• 5,815m in 19 holes testing District Cu-Au targets at DUKE
• Nine holes testing the Empress Cu-Au Deposit at IKE District

Results from these programs are expected to be released in Q1 2025.

Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced additional drill results from its AuRORA copper-gold-silver deposit discovery at the JOY Copper-Gold District in British Columbia. The drilling program, fully funded by Freeport-McMoRan, revealed significant high-grade intersections including:

- Hole JP24060: 129.90m at 1.98% CuEQ (2.40 g/t Au, 0.61% Cu, 5.3 g/t Ag)
- Hole JP24073: 219.00m at 0.80% CuEQ (0.98 g/t Au, 0.24% Cu, 2.0 g/t Ag)
- Hole JP24075: 265.65m at 1.02% CuEQ (1.24 g/t Au, 0.31% Cu, 3.4 g/t Ag)

The results confirm the continuity of the Au-rich mineralized system from east to west, vertically, and to the north, starting near the surface. The deposit remains open for expansion in all horizontal directions. The discovery is located within the Northwest Gossan Target area, which features a 3.7 km² IP anomaly with coincident Cu, Au, Mo, and Ag anomalies.

Amarc Resources (TSX-V:AHR)(OTCQB:AXREF) announced its participation in three major mining conferences in Vancouver during January 2025. The company will showcase its recent AuRORA discovery in the JOY District, where the first hole (JP24057) revealed a new porphyry Cu-Au-Ag system with high gold grades.

The company will present at the Metal Investors Forum Vancouver (January 17-18), the Vancouver Resource Investment Conference (January 19-20), and the 2025 AME Roundup Conference (January 20-23). At these events, President & CEO Dr. Diane Nicolson will deliver corporate presentations, and the company will display drill core from the AuRORA Deposit discovery at the Core Shack.

The AuRORA discovery is one of eight large-scale sulphide mineralized systems drilled in the JOY District in 2024, with step-out holes to the east and west showing strong and consistent results.

Amarc Resources (AXREF) has announced the discovery of a new high-grade gold-rich porphyry copper-gold-silver deposit named 'AuRORA' at its JOY Copper-Gold District in British Columbia. The discovery, made in collaboration with Freeport-McMoRan, revealed significant mineralization from initial drilling results.

Key highlights include drill hole JP24074 intersecting 162m of 2.19 g/t Au, 0.63% Cu, and 7.0 g/t Ag. The AuRORA deposit is located within the Northwest Gossan Target area, spanning a 3.7 km² zone. The discovery hole JP24057 and six other holes drilled at 100m intervals established a 600m wide zone of porphyry mineralization from near surface.

The company completed 33 additional scout holes across eight porphyry Cu-Au targets within the JOY District. The exploration program included 290 line-km of IP surveying and collection of 8,400 soil and 1,500 rock samples.

Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced a Third Loan Amendment Agreement with a director and significant shareholder of the company. The agreement extends the repayment date of a $1,000,000 loan from November 26, 2024, to November 26, 2025. All other terms of the loan remain unchanged.